Every material Form 8-K Dolby filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Dolby reported fourth-quarter fiscal 2024 revenue of $305 million, up from $291 million a year earlier, and GAAP diluted earnings of $0.61 per share versus $0.09. For the full fiscal year, revenue fell to $1.27 billion from $1.30 billion, while GAAP diluted EPS rose to $2.69 from $2.05. The company also gave fiscal 2025 revenue guidance of $1.33 billion to $1.39 billion and entered a $250 million revolving credit facility with Bank of America, with no amount drawn at closing.
Q4 fiscal 2024 revenue $305 million vs. $291 million a year earlier; GAAP diluted EPS $0.61 vs. $0.09
Full fiscal 2024 revenue $1.27 billion vs. $1.30 billion; GAAP diluted EPS $2.69 vs. $2.05
Fiscal 2025 guidance: total revenue $1.33 billion to $1.39 billion; GAAP diluted EPS $2.43 to $2.58
Credit Agreement signed November 14, 2024: $250 million unsecured revolver plus $150 million uncommitted incremental capacity; $0.33 per share dividend payable December 10, 2024
On November 12, 2024, Dolby's Compensation Committee adopted the 2025 Dolby Executive Bonus Plan for fiscal 2025. The CEO's target bonus is 100% of base salary and other named executive officers' targets are 65% of base salary, with payouts tied to non-GAAP operating income and revenue goals and total funding capped at 150% of target.
Plan adopted November 12, 2024 for fiscal 2025, filed as Exhibit 99.1
CEO target bonus is 100% of calendar base salary; other named executive officers have 65% targets
Total plan funding is capped at 150% of target funding
Bonuses subject to the Company's incentive compensation recoupment policy
Dolby reported fiscal third-quarter 2024 revenue of $288.8 million, down from $298.4 million a year earlier, while GAAP net income rose to $38.4 million, or $0.40 per diluted share, from $16.4 million, or $0.17. The company also declared a $0.30 per share dividend and raised its stock repurchase authorization by $350 million to about $422 million, and gave full-year fiscal 2024 revenue guidance of $1.27 billion to $1.29 billion.
Total revenue was $288.8 million, versus $298.4 million in the third quarter of fiscal 2023.
GAAP net income was $38.4 million, or $0.40 per diluted share; non-GAAP net income was $68.8 million, or $0.71 per diluted share.
Full-year fiscal 2024 revenue is expected to range from $1.27 billion to $1.29 billion, with GAAP diluted EPS of $2.40 to $2.55.
Dividend of $0.30 per share is payable August 27, 2024, to holders of record on August 19, 2024.
Dolby reported fiscal second-quarter 2024 revenue of $364.5 million, down from $375.9 million a year earlier, while GAAP net income rose to $97.8 million, or $1.01 per diluted share, from $0.98. The company also declared a $0.30 per share cash dividend and gave third-quarter revenue guidance of $270 million to $300 million, with full-year fiscal 2024 revenue expected to be roughly $1.30 billion.
Q2 fiscal 2024 total revenue was $364.5 million, versus $375.9 million in Q2 fiscal 2023.
GAAP net income was $97.8 million, or $1.01 per diluted share, versus $0.98 a year earlier; non-GAAP diluted EPS was $1.27 versus $1.26.
Q3 fiscal 2024 total revenue is estimated at $270 million to $300 million; GAAP diluted EPS at $0.21 to $0.36.
Cash dividend of $0.30 per share is payable May 22, 2024, to holders of record on May 14, 2024.
Dolby Laboratories reported first-quarter fiscal 2024 results for the quarter ended December 29, 2023, with total revenue of $315.6 million, down from $334.9 million a year earlier, and GAAP diluted earnings per share of $0.69, down from $0.82. The company also declared a $0.30 per share cash dividend and gave second-quarter revenue guidance of $345 million to $375 million.
Total revenue was $315.6 million vs. $334.9 million in the prior-year quarter.
GAAP net income was $67.0 million, or $0.69 per diluted share, vs. $79.4 million, or $0.82, a year earlier.
Non-GAAP diluted EPS was $1.01 vs. $1.11 a year earlier; the company repurchased 968 thousand shares.
Cash dividend of $0.30 per share is payable February 22, 2024, to holders of record on February 13, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Dolby filing is on SEC EDGAR ↗. 8-K briefs of other companies →